The common saying, "the trend is your friend," still holds true. The market has been all momentum and almost all to the upside. You don't want to fight the Fed or the tape, but with some insurance, you can be sure to stay in the game. Our $945 hedge represents 1.8% of the portfolio, a rather cheap form of insurance (especially at all-time highs), indeed. Remember, the indices' insurance can be tailored to your portfolio's holdings. For example, the Nasdaq ETF ( QQQ) could be used for a more tech-heavy portfolio. Follow @Traderboy23At the time of publication, the Kenwell was long V and long SPY puts, although positions may change at any time.This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.